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30k Instant Asset Tax Write Off

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What is the Small Business 30k Asset Tax Write Off Scheme?

The instant 30k write off is an introduced law from the Australian Government and the federal budget for small business owners. The $30,000 Instant Asset Write-Off provides small businesses with an asset write-off of up to $30,000 for assets costing less than the instant asset write-off threshold which is purchased and used in the year that the write-off is claimed (, 2019).

What can the Small Business Scheme be used for?

Depending on which industry the enterprise is trading in, the 30,000 dollars’ worth of funds saved as a result of this legislation, gives enterprises the opportunity to increase their working capital. With these types of monetary funds, businesses tend to purchase and increase stock so that they have more of a variety to offer to consumers whilst meeting their demands (Hecht, 2015). Stock is critical as it is the lifeblood of the business because it creates sales, thus creates cash flow allowing businesses to meet financial obligations and make a profit.

Furthermore, the equipment can be purchased which assists the business if they wish to expand operations to other locations, or just in size (Hecht, 2015). Efficiency then plays a critical role in the growth of operation as it becomes one of the keys to sustaining this growth as it saves certain expenses such as employing more people.

Small businesses who consolidate their debts with a Capify Small Business Loan or Merchant Cash Advance can also use the funds to pay bills, marketing, business ideas, hiring extra staff, purchasing stock, improve Cash Flow, purchasing a business car or truck, renovating or expanding the business and upgrading or purchasing equipment.

When can business owners claim the 30k instant tax write off?

Businesses are able to claim the asset tax write off at the end of the financial year period when they lodge their tax return if they are eligible with their tax accountant. Businesses tend to use this as an opportunity to increase their assets, so they are able to claim it. However, it is best to consult with a tax professional as this financial move may not be ideal for the business (, 2019).

Speak to a lending specialist today on 1300 760 930 to get funds in 24 hours or start your application and apply now.

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How to apply for a Business loan for asset purchases with Capify?

Australia’s leading finance firm, Capify, can provide a solution to every business need by their ideal short-term business loan. This business loan will help the customer’s enterprise increase their working capital as it gives them the ability to purchase inventory and make missed or late payments.

This unsecured business loan differentiates itself from others as it has an approval process of only a short 24 hours and has loan terms from $5,000-$300,000, terms and conditions apply. This means enterprises are able to receive the money with no hassle, allowing them to get on the pathway of achieving their business goals. Call 1300 760 930 to apply for funds to find out our non-fixed interest rates before April 2019 to get ahead of June 2020 tax financial income year. Capify do not provide line of credits.

How could small businesses use the funds?

  • Pay Bills
  • Marketing
  • Hiring extra staff
  • Purchasing Stock
  • Improve Cash Flow
  • Purchasing a Business car or Truck
  • Renovating or Expanding the business
  • Upgrading or Purchasing Equipment

Why choose Capify Products?

Capify presents ideal solutions to businesses who struggle to sustain adequate funds or want to achieve certain business goals. We offer two principal products and services that aid businesses in achieving their goals; Merchant Cash Advance and Capify small business loan. The Capify business loan ranges from 5,000 to 300,000 dollars which are deposited into the customer’s account where they will then have the ability to fund their business. This unsecured business loan will then allow enterprises to improve the health of their business and be repaid through small daily transactions.

Moreover, another business product that Capify offer is Merchant Cash Advance, which works best for businesses who tend to experience fluctuating cash flow. Merchant Cash Advance refers to the business gaining a lump sum of money and repaying it through minor percentages of their EFTPOS transactions. This will benefit the business as they are less prone to shortages within their cash flow thus allowing them to increase capital whilst repaying the loan back. As well as this, Capify provides their expertise to customers, suggesting new ways to improve the cash flow, tailored to their specific business.

Capify is Australia’s first small business lender since 2008, we have built and maintained a google review of 4.5/5.

Speak to a lending specialist today on 1300 760 930 to get funds in 24 hours or start your application and apply now.

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We help businesses like:


What are your interest rates?

We don’t use interest rates for our funding solutions.
Instead Capify offers an agreed total payback amount. The payback amount depends on the type of business you operate and the term you require the business finance for. This way your business knows up front the total costs, making managing your cash flow easy.

What are your loan amounts and terms?

Capify can lend your business from $5,000 to $300,000 in unsecured small business funding to SMEs. The repayment terms are flexible and depend on the monthly turnover of your business. Terms range from 3 months to 12 months.

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